Suburban Propane Partners: The Provider of Investor Satisfaction with Steady Earnings Performance
Portfolio Pulse from Benzinga Insights
Suburban Propane Partners (NYSE:SPH) will distribute a dividend payout of $0.33 per share on August 08, 2023, equating to an annualized dividend yield of 8.70%. The company has seen a decrease in its dividend per share from $2.40 in 2019 to $1.30 in 2022, but an increase in earnings per share from $1.10 in 2019 to $2.18 in 2022. This suggests that the company is allocating more profits towards business expansion instead of dividend payments.
August 08, 2023 | 3:05 pm
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NEUTRAL IMPACT
Suburban Propane Partners is set to distribute a dividend payout, but has seen a decrease in its dividend per share over the years. However, the company's earnings per share have increased, suggesting a focus on business expansion.
The decrease in dividend per share could be a concern for income-seeking investors. However, the increase in earnings per share suggests that the company is financially healthy and is focusing on business expansion, which could potentially lead to higher cash dividend payouts in the future.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
UGI has a lower annualized dividend yield of 6.16% compared to Suburban Propane Partners.
UGI's lower annualized dividend yield compared to Suburban Propane Partners could make it less attractive to income-seeking investors.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 50